India and Oman Seal Historic CEPA, Boosting Trade and Professional Mobility

India and Oman have signed a Comprehensive Economic Partnership Agreement (CEPA), granting India duty-free access to 98% of its exports in Oman. The deal eliminates tariffs on major sectors and enhances mobility for Indian professionals. It represents India's strategic move to bolster trade relations with non-competing economies.

In a landmark move, India and Oman have inked a Comprehensive Economic Partnership Agreement (CEPA), aimed at bolstering trade and professional mobility between the two nations. Signed in Muscat, the agreement grants India duty-free access to 98% of its exports to Oman, including textiles, agri-products, and leather goods.

In exchange, India will reduce tariffs on Omanese exports such as dates, marbles, and petrochemical items. Significantly, the pact enhances opportunities for Indian professionals by offering improved mobility and entry conditions across key sectors such as accountancy, architecture, and medical services.

This is India's second trade agreement with a Gulf Cooperation Council member, following a pact with the UAE. The CEPA reflects India's strategy to strengthen ties with economically significant but non-competing countries, enhancing trade and providing fresh avenues for Indian enterprises in the Middle East.

(With inputs from agencies.)